Medical Office Space
For Sale
Contact for pricing
13801 Bruce B Downs Blvd #205, Tampa, FL 33613
Medical office space for sale near AdventHealth Tampa.
Property Size1,209 SF
Price / SF$227.46
Days on Market311
Property Features for 13801 Bruce B Downs Blvd #205
General Information
Standard status
Active
Size
1,209 SF
Property subtype
Office
Zoning
SPI-UC-2
Building Details
Year Built
1976
Listing Agency:
BayStreet Commercial
(813) 254-6756
Listed By:
Michael Braccia · License #FL SL3033512
Source:
Crexi
Added: Oct 6, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BayStreet Commercial
Investment Insights
Based on property information with market context.
Located within the University Community Medical Center, Suite 205 offers 1,209 square feet of medical office space with elevator access. The suite features a large waiting room accommodating 12-14 people, a reception office with three staff workstations, and an adjacent file/management/billing office. A centralized nurses' station is located down the hallway, along with three exam rooms, one of which includes a large en suite restroom. Extensive parking is available on all four sides of the property. The office is situated next to AdventHealth Tampa and Pepin Heart Center, with close proximity to Moffitt Cancer Center, James A Haley VA, and USF. The property benefits from visibility and frontage on Bruce B Downs Blvd, which sees a traffic count of 49,500 vehicles per day. Monthly association dues are $706, covering building maintenance, two on-site maintenance employees, common area maintenance, landscaping, insurance, and water. Association Board approval is required, and medical use is mandated. The property is located on Bruce B Downs Boulevard close to Fletcher Avenue with close access to I-275 and I-75. Owner financing is available to qualified buyers with 20% down, with rate and term negotiable.
Key Highlights
- Located within University Community Medical Center and next to AdventHealth Tampa and Pepin Heart Center.
- High‑visibility location on Bruce B Downs Blvd with 49,500 vehicles per day.**
- 1,209 SF medical office space with a large waiting room, reception area, and 3 exam rooms (one with en suite restroom).**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,619
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$352,380
$352.4K
Cap Rate 7%
$251,700
$251.7K
Cap Rate 9%
$195,767
$195.8K
Market Conditions
NOI Build-Up for 1,209 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.9K $26.40/SF
− Vacancy
−$2.6K −$2.11/SF
EGI
$29.4K $24.29/SF
− OpEx
−$11.7K −$9.72/SF
NOI
$17.6K $14.57/SF
Area
Tampa, FL
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$352,380
Cap Rate 7%
$251,700
Cap Rate 9%
$195,767
Alternative Uses
Best Use
Healthcare Medical
$251.7K
$220.2K – $293.7K
NOI $17,619 @ 7.0% cap · market cap 6.41%
Second Best
Office B
$234.7K
$205.4K – $273.8K
NOI $16,430 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$281.7K
$246.5K – $328.6K
NOI $19,716 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,746
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33613, FL
38,801
Population
17,686
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
84%
High-School Grad
7.4 sq mi
ZIP Area
5,243
Density / Sq Mi
$44,642
Median Household Income
$30,911
Median Earnings
$1,178
Median Rent
$219,700
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space for sale near AdventHealth Tampa.
Where is this medical office space located?
The property is located at 13801 Bruce B Downs Blvd #205 Tampa, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Located within University Community Medical Center and next to AdventHealth Tampa and Pepin Heart Center.; High‑visibility location on Bruce B Downs Blvd with 49,500 vehicles per day.**; 1,209 SF medical office space with a large waiting room, reception area, and 3 exam rooms (one with en suite restroom).**
